American Cypher Group hoping to apply for 2011 grid spot

The American Cypher Group, who are planning to submit an entry for 2011

The American Cypher Group, which is a group of Formula 1 engineers, is hoping to build up a budget to apply for the grid spot for 2011.

With USF1 failing to make it to the grid this year, the American Cypher Group are now hoping to take advantage of the empty grid spot for the 2011 season. They would be based in North Carolina if their plan went ahead, but they have no links with the dead USF1 team. However, they are stressing that their plan is in a preliminary phase at the moment:

"We will only place a full application should we achieve fully the
budget we believe is required to do this properly.
Even though we have some ex US F1 members in our mix, Cypher Group
was not born of disgruntled ex US F1 employees. Cypher Group and
its international members simply saw the potential of a US-based F1
team, the disappointment of the fans and the dreams of many young
American engineers of having a home team. Hence we wish to give
America the shot it deserves.
Again we recognise that the time frame is not ideal, however we feel
it has to be done now, due to the availability of a grid slot. But
as we have stated, we will not submit a full entry unless we can
fully achieve the budget we believe is required to do this properly."

This is strange, as I don’t think anyone has heard of them. I had a look around, they do have Facebook and Twitter pages, as well as a website, which is about as far as USF1 got. Still, if they are good engineers, then I’ll give them a shot. Not give them the spot, mind you, but give them a chance to get a budget together and to get started on the car.

I really can’t say much otherwise at the moment, knowing so little about them. What do you think?